The question of whether or not the housing market is efficient is posed by an increasing number of economists, policymakers, homebuyers, and homesellers. This article tests the efficiency hypothesis on data from the housing market in Oslo over the period 1991-2002, employing the Case-Shiller...

Conventional estimates of purchasing power parities (PPP) rely on cross-country price data. Using Engel curves, Almås (Am Econ Rev 102:1093–1117, <CitationRef CitationID="CR2">2012</CitationRef>) was, however, able to show that PPPs contain substantial bias. Since constructing conventional estimates is expensive and time consuming,...</citationref>